Company Update – Cerro Preto and Porteira

Aguia extends strike-length of Cerro Preto Phosphate Discovery by 2.5 km.

Update on recent exploration activity at fourth phosphate target in Rio Grande do Sol – Porteria

Highlights:

  • Mapping and sampling along Angico bed of the sedimentary Cerro Preto discovery has indicated an additional 2.5 km of mineralised strike-length
  • Strike-length of Cerro Preto increases 25% to 12.5 km – previously 10 km
  • Rock samples collected at surface returned grading up to 20.8% P2O5 – consistent with previous sampling
  • Cerro Preto continues to demonstrate striking similarities to Western Phosphate Field in US
  • Recent exploration activity at Porteira – shallow auger drilling has intercepted a high-grade oxidised zone at surface with samples grading up to 18.5% P2O5
  • Aguia on track for release of Três Estradas PEA in the coming weeks